Guideline Value for Periyar Nagar 3-rd Cross St

Periyar Nagar 3-rd Cross St guideline value

The current guideline value of Periyar Nagar 3-rd Cross St is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village under the Tambaram Joint 1 SRO, and it falls under the land classification of Residential Special Type - III.

How the guideline value of Periyar Nagar 3-rd Cross St has changed

The guideline value for Periyar Nagar 3-rd Cross St has undergone several revisions over the years. The earliest available figure is from 2007, when it was Rs 500 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. Following this, the value rose to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that have a guideline value for 2024, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, and the guideline value of Periyar Nagar 3-rd Cross St is above this median.

• Periyar Nagar 3-rd Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 2-nd Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 2-nd Cross St: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 4-th Cross St: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 4-th Street: Rs 3,300 per sq.ft (2024)
• Periyar Nagar 1-st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar 3-rd Cross St

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Periyar Nagar 3-rd Cross St?

The Sub Registrar Office that covers Periyar Nagar 3-rd Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Irumpuliyur

The guideline value is an essential factor when registering property transactions in Irumpuliyur. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property sales and purchases.

When a property is sold, the guideline value helps determine the official value of the property, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Periyar Nagar 3-rd Cross St?

The current guideline value of Periyar Nagar 3-rd Cross St is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 560%. There were significant changes in 2012, 2017, and 2023 as well.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Periyar Nagar 3-rd Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

What is the land classification for Periyar Nagar 3-rd Cross St?

The land classification for Periyar Nagar 3-rd Cross St is Residential Special Type - III, which indicates the specific zoning regulations applicable to this area.